Light-truck aftermarket doubles in past decade

Light-truck aftermarket doubles in past decade The size of the light-truck aftermarket has nearly doubled in the past 10 years, rising from $38.8 billion in 1993 to $74.1 billion in 2002, according to The U.S. Light Truck Aftermarket: The Impact of Growing Pickup, SUV and Minivan Sales, just released by the Automotive Aftermarket Industry Association (AAIA). According to the study, sales in the light-truck aftermarket experienced a 7.4 percent increase from 2001 to 2002, growing from $69.0 billion to $74.1 billion. The study forecasts the size of the 2003 light truck aftermarket as $79.9 billion, an estimated 7.8 percent increase over 2002.The study estimates the size of the light truck aftermarket based on several factors including business receipts, vehicle sales, automotive product prices, vehicle registrations and component maintenance and repair replacement rates.The U.S. Light Truck Aftermarket: The Impact of Growing Pickup, SUV and Minivan Sales contains additional information on: · Comprehensive sales data for each light truck type, sub-type and model.· Historical and current registration data for each light truck segment.· Miles of travel, fuel consumption and operating costs for light trucks.· Replacement rates for specific maintenance and service jobs for each light vehicle segment.· Forecasts of the size and contribution of light trucks to the light vehicle aftermarket.